Chevy Malibu Insurance Cost – 2023 Average Rates + Rankings

Does a Chevrolet Malibu have expensive car insurance rates?

We compared rate quotes for the LS Sedan model to the 2LT Sedan trim level to look at how Malibu insurance measures up to the midsize car segment.

Start QuoteCompare Malibu car insurance rates and save on your next policy.

How much does Chevy Malibu car insurance cost?

Plan on budgeting an average of $1,716 a year to insure a Chevrolet Malibu for full coverage, or around $143 a month. Collision coverage is around $646 a year, liability and medical coverage will cost an estimated $652, and the remaining comprehensive will cost around $418.

The following chart demonstrates how average Chevy Malibu car insurance rates fluctuate based on the age of the rated driver and insurance policy deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Chevrolet Malibu with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Chevrolet Malibu trim levels.Data last updated on January 23, 2023
Chevrolet Malibu Car Insurance Rates
Chevrolet Malibu Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,922$244
$500$3,388$282
$250$3,874$323
30$1,000$1,532$128
$500$1,796$150
$250$2,070$173
40$1,000$1,474$123
$500$1,716$143
$250$1,966$164
50$1,000$1,348$112
$500$1,564$130
$250$1,790$149
60$1,000$1,320$110
$500$1,532$128
$250$1,754$146

In order to help you comprehend the full range of possible rates, think about the fact that buying a liability-only policy in some parts of Vermont or Wisconsin may cost as little as $204 a year, while a driver in some zip codes in Detroit, MI, may have to pay as much as $4,002 a year for a policy that provides full coverage.

Some additional noteworthy insights as they relate to Chevy Malibu insurance rates include:

  • It’s expensive to buy high risk insurance. For a 30-year-old driver, having too many driving record violations or accidents can cause a rate increase of $2,068 or more per year.
  • Increasing deductibles lowers insurance cost. Raising the comprehensive and collision deductibles from $500 to $1,000 could save around $242 per year for a 40-year-old driver and $466 per year for a 20-year-old driver.
  • The lower deductible you choose, the higher the policy cost. Dropping your physical damage deductibles from $500 to $250 could cost an additional $250 per year for a 40-year-old driver and $486 per year for a 20-year-old driver.
  • Malibu insurance rates for teens are expensive. Average rates for full coverage Malibu insurance costs $6,242 per year for a 16-year-old driver, $5,784 per year for a 17-year-old driver, and $5,386 per year for a 18-year-old driver.
  • Obey the law to get lower rates. To pay the cheapest possible Malibu insurance rates, it pays to drive safe. Just a couple of traffic tickets have the consequences of increasing policy cost as much as $448 per year. Serious convictions such as hit-and-run, DUI or reckless driving could raise rates by an additional $1,562 or more.
  • Earn a discount from your profession. Many auto insurance companies offer discounts for specific occupations like architects, high school and elementary teachers, members of the military, accountants, lawyers, and other occupations. Having this discount applied to your policy may save between $51 and $178 on your yearly Malibu insurance premium.
  • Driver gender influences rates. For a 2023 Chevrolet Malibu, a 20-year-old male will pay an average rate of $3,388 per year, while a 20-year-old female pays an average of $2,536, a difference of $852 per year. The females get much better rates. But by age 50, the male rate is $1,564 and the rate for females is $1,532, a difference of only $32.

Does Malibu insurance cost more than other midsize cars?

The Chevrolet Malibu ranks fourth out of 11 total vehicles in the 2023 midsize car segment. The Malibu costs an average of $1,716 per year for full coverage insurance, while the class average rate is $1,800 annually, a difference of $84 per year.

When compared to other midsize models, insurance for a Malibu costs $38 more per year than the Toyota Camry, $66 less than the Honda Accord, $166 less than the Nissan Altima, and $88 less than the Tesla Model 3.

The chart below shows how average Malibu car insurance rates compare to nine other midsize cars that together make up the top 10 selling models in America.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Chevrolet Malibu, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Chevrolet Malibu trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Chevrolet Malibu vs Top 10 Midsize Cars Insurance Rate Comparison
Chevrolet Malibu Insurance Cost Compared to All Midsize Cars
Rank Make/Model Insurance Cost Difference
1Subaru Legacy$1,626-$90
2Toyota Camry$1,678-$38
3Kia K5$1,702-$14
4Chevrolet Malibu$1,716--
5Honda Accord$1,782$66
6Toyota Crown$1,792$76
7Tesla Model 3$1,804$88
8Volkswagen Arteon$1,850$134
9Nissan Altima$1,882$166
10Hyundai Sonata$1,966$250
11Kia Stinger$1,998$282

What is the cheapest Chevy Malibu car insurance?

The cheapest Chevy Malibu insurance can be found on the base LS Sedan trim (MSRP of $26,095) costing $1,660 per year and the RS Sedan trim (MSRP of $27,095) costing an average of $1,682.

Anticipate a monthly payment of around $138 to insure a Malibu for full coverage. This payment can vary significantly, however, based on the age of the driver, location, policy limits, and driving record.

The $32,595 2LT Sedan trim is the most expensive to insure, costing an average of $132 more per year than the cheapest LS Sedan model.

The rate table below shows average insurance cost for a 2023 Malibu for different trim levels policy terms.

2023 Chevrolet Malibu Insurance Cost by Trim Level
Chevrolet Malibu Trim Level Annual Policy 6-month Policy Per Month
LS Sedan$1,660$830$138
RS Sedan$1,682$841$140
LT Sedan$1,732$866$144
2LT Sedan$1,792$896$149

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Chevrolet Malibu, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Chevrolet Malibu Insurance Cost by Trim Level

New vs. used Malibu car insurance pricing

The table below shows average Chevy Malibu car insurance rates for a range of driver age groups and Chevrolet Malibu model years. In this example, insurance costs range from the cheapest rate of $1,100 for a 60-year-old driver rated on a 2013 Chevrolet Malibu to the most expensive yearly cost for a 20-year-old driver rated on a new 2023 Malibu.

Chevrolet Malibu Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Chevrolet Malibu$3,388$1,716$1,532
2022 Chevrolet Malibu$3,410$1,722$1,540
2021 Chevrolet Malibu$3,066$1,550$1,382
2020 Chevrolet Malibu$3,030$1,528$1,364
2019 Chevrolet Malibu$3,110$1,572$1,406
2018 Chevrolet Malibu$3,002$1,516$1,356
2017 Chevrolet Malibu$2,902$1,466$1,314
2016 Chevrolet Malibu$2,724$1,372$1,232
2015 Chevrolet Malibu$2,598$1,308$1,170
2014 Chevrolet Malibu$2,496$1,258$1,124
2013 Chevrolet Malibu$2,442$1,230$1,100

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Chevrolet Malibu Insurance Cost by Model Year

Sooner or later, you will need to decide when to delete physical damage coverage from the policy. As a vehicle loses value over time, the costs required to keep physical damage protection surpasses the benefits provided by having it.

Deleting full coverage on an older Chevrolet Malibu may save the average driver $642 per year, depending on the level of physical damage deductibles and the driver age.

Average Chevy Malibu insurance prices by U.S. state

States like Maine ($1,034) and Iowa ($1,148) have cheaper Malibu insurance rates, while states like New York ($1,988), Louisiana ($2,044), and Michigan ($2,348) tend to be on the expensive side.

The table below shows annual, 6-month, and monthly average insurance rates for a 2023 Malibu in all fifty U.S. states.

Chevrolet Malibu Average Insurance Cost by State for 2023
U.S. State Annual Cost 6-month Cost Monthly Cost
Alabama$1,544$772$129
Alaska$1,298$649$108
Arizona$1,576$788$131
Arkansas$1,798$899$150
California$2,078$1,039$173
Colorado$1,840$920$153
Connecticut$1,912$956$159
Delaware$1,954$977$163
Florida$2,138$1,069$178
Georgia$1,756$878$146
Hawaii$1,170$585$98
Idaho$1,224$612$102
Illinois$1,504$752$125
Indiana$1,282$641$107
Iowa$1,148$574$96
Kansas$1,692$846$141
Kentucky$1,836$918$153
Louisiana$2,044$1,022$170
Maine$1,034$517$86
Maryland$1,596$798$133
Massachusetts$1,872$936$156
Michigan$2,348$1,174$196
Minnesota$1,474$737$123
Mississippi$1,674$837$140
Missouri$1,936$968$161
Montana$1,576$788$131
Nebraska$1,434$717$120
Nevada$2,054$1,027$171
New Hampshire$1,148$574$96
New Jersey$2,080$1,040$173
New Mexico$1,412$706$118
New York$1,988$994$166
North Carolina$1,074$537$90
North Dakota$1,422$711$119
Ohio$1,198$599$100
Oklahoma$1,896$948$158
Oregon$1,602$801$134
Pennsylvania$1,650$825$138
Rhode Island$2,128$1,064$177
South Carolina$1,438$719$120
South Dakota$1,764$882$147
Tennessee$1,634$817$136
Texas$1,592$796$133
Utah$1,502$751$125
Vermont$1,248$624$104
Virginia$1,140$570$95
Washington$1,550$775$129
West Virginia$1,530$765$128
Wisconsin$1,226$613$102
Wyoming$1,526$763$127

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Chevrolet Malibu, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Chevrolet Malibu trim levels. Physical damage deductibles are $500 and rates are averaged for all zip codes in each state.Data last updated on January 23, 2023
Chevrolet Malibu insurance rates by U.S. state